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E, Adjust its operathlg costs and ser~.4ce charges from time to time to provide for adequate operation and maintenance, emergency repair reserves, obsolescence reserves, debt service and debt sepAce resen'es. F. Expand its system from ume to time to meet reasonably anticipated growth or ten'ice requirements in the area ',~4thin its jurisdiction. G. Provide Grantor with such periodic reports as it may require and permit periodic inspection of its operations by a representauve of the Crantor. H. To execute Form FmHA 400-1. "Equal Oppornmity Agreement," and to execute Form FmHA 400-4, "1'4 andis- crimination Agreement," and to execute any other agreements required by Grantor which Grantee is legally authorized to execute. If any such form has been executedby Grantee as a result of a loan being made to Grantee by Grantor contempo- raneously with the making of this grant, another fornl of the same type need not be executed in connection with this grant. 1. Upon an), default under its representations or agreelnents set forth in dfis instrument, Grantee, a~ the option and demand of Grantor, will repay to Grantor forth~4th the original principal amount of the grant stated bereinabove, with tile interest at the rate of $ percentum per annum from the date of the default. Default by tile Grantee will constitute termination of the grant thereby causing cancellation of FederM assistance under the grant. The provlsion~ of this Grant Agreement may be enforced by Grantor, at its option and ~vithout regard to prior waivers by it of ~reviou$ defaults of Grantee, by judicial proceedings to requlr¢ specific performance of the terms of dfis Grant Agreement or by such other proceedings in law or equity, in either Federal or State courts, as ma)' be deemed necessary by Grantor to assure compliance with the provisions of dfis Grant Agreement and the laws and regxdations nm{er which this grant is made. J. Return hnmediately to Grantor, as required by the regulations of Grantor, any grant fimds actually advanced a.d not needed bi,' Grantee for approved purposes. K. Use the real property including land. land improvements, structures, and appurtenances thereto, for authorized purposes of the grant as long as needed, 1, Title to real property shall vest in the recipient subject to tile condition that tile Grantee shall t~se tile real property for the authorized purpose of the original grant as long as needed. 2. The Grantee shall obtain approval by the.Grantor agency for tile use of the real property in other project~ when the Grantee determines that the property is no longer needed for the original grant p.rposes. Use in other projects shall be limited to those under other Federal grat:t programs or programs that have purposes consistent with those authorized for support by the Grantor. 3 When the real property is no longer needed as provided itl 1 and 2 above, the Grantee shall request disposition instructions from the Grantor agency or its successor Federal agency. The Grantor agency shall observe the follovdng rules in the disposition instn~ctions: comp~tefl by applying the Federal percentage of participation in the cost of tile original project to the fair market vahte of the propert2,,. (b) The Grantee may be directed to sell the property under guidelines provided by the Grantor agency and pay tile Federal Government an amount computed by applying die Federal percentage of particlparion in the cost of the original project to the proceeds from sale (after deducting actual and reasonable selling and fix-up expenses, if any, from the sales proceeds). When the Grantee is authorized or required to sell the property, proper sales procedures shall be established that ?rovide for competition to the extent practicable and result in the higi~est such cases the Grantee shall be entitled to compensation computedbyapplying the Grantee's percent;age of participa- Tlris Grant Agreement covers tile followh~g described real property (use contfimatlon sheets ca necessary). All easement~, rights-of-way, property obtained in fee simple title or by lease in L. Abide by the followh~g conditions pertaining to nonexpendable personal property which is furnished by the Grantor or acquired wholly Or in part with grant funds. Nonexpendable personal property means tangible personal property having a u~eful life of more than one year and an acquisition cost of $300 or more ~er unit. A Grantee may use its own definition Of nonexpendable personal property provk{ed that such definithm would at least include all tangible personal property as defined above, 1. Use of nonexpendable property. fa) 'rite Grantee shall use the property in the project for which it was acquired as long as needed. When no longer needed for tile Original project, the Grantee shall ute tile property in connection with its other Federally sponsored activities, il' any, in tile following order of priority: